Market Size of Japan Floriculture Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.50 % |
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Japan Floriculture Market Analysis
The Japanese floriculture market is projected to witness a CAGR of 3.5% during the forecast period.
- The Japanese floriculture industry is included in the top ten biggest floriculture industries worldwide. The demand for flowers in Japan is stable as the supermarkets and shops have already become more ordinary or even traditional places for customers to purchase flowers. The wholesalers supply the majority of the flower market in Japan. About 80% of all flowers found on the Japanese market were supplied by wholesale flower companies. At the same time, the Japanese flower wholesale market is one of the largest in the world.
- Moreover, in Japan, flowers are purchased for different usages like professional use, personal use, decorative items in hotels, and other trade purposes. The usage is high in Japan before events and dates of national importance such as Mother's Day, the Buddhist festival of the dead, and New Year celebrations. Consumers in Japan prefer new varieties of flowers from different countries, and imports from Asian countries majorly meet the demand in the country.
- Along with this, the increasing stability in wholesale trade can be attributed to the low prices and availability of high-quality products to consumers directly. Japanese wholesalers have a well-established import system with several countries. Most of the imports in the Japanese floriculture sector include cut flowers. The import of cut flowers has been continuously increasing over the years, especially for flowers, like chrysanthemums and carnations, due to the availability of varieties, which have improved vase life. Therefore, the above-mentioned factors cater to the market growth in the forecast period.
